RIGHT OF EXTENSION. It is recorded that the Seller has reserved the right to extend the scheme in phases, in terms of Section 25 of the Sectional Titles Act. This means that the Seller may build on to the development at some time in the future. The Purchaser understands and agrees that he might have to endure the inconvenience of on-going construction activities on the site and furthermore accepts that any amenities serving the whole development, or improvements of the common property may only be constructed with the final phase.
RIGHT OF EXTENSION. Tenant shall have the right to extend the Lease Term for one (1) three (3) year term in accordance with Section 2.4(b).
RIGHT OF EXTENSION. This Agreement may be renegotiated and extended for a further 12 months by COORDINARE (funding dependent) and based on the agreement of both parties. Withholding or Adjusting Funds: COORDINARE may withhold, adjust or recover funding, in its absolute discretion, if the Contractor withdraws from the project or is in breach of obligations under this contract. Executed by COORDINARE Ltd Executed by Contractor ____________________________ _____________________________ Signature of CEO Signature of Contractor _____________ _____________
RIGHT OF EXTENSION. 15.1 The Seller reserves to itself and to its successor in title as Developer, the right to erect and complete Phase 2, from time to time, but by no later than 25 (Twenty Five) years from the date of this Agreement of Sale, for his personal account. The extension may consist of a further Building or Buildings, or a horizontal or vertical extension of an existing Building or Buildings substantially in accordance with the Site Development Plan which is annexed hereto as Annexure "A" and which envisages a development comprising of 23 sections.
RIGHT OF EXTENSION. If this Agreement is not terminated before December 31, 2045, then the term of this Agreement shall be extended automatically for periods of one year each for as long as the following conditions exist:
RIGHT OF EXTENSION. The Purchaser records that he is aware that on the occupation date the buildings and other sections may be incomplete and that occupants may suffer inconvenience from building operations and that he shall have no claim against the Seller by reason of any such inconvenience.
RIGHT OF EXTENSION. Lessee is hereby granted three (3) separate options to extend the term of this Lease, each option period to be for five (5) years. Except as to Fixed Rental (hereinafter defined), and as otherwise provided herein, Lessee's occupancy of the Premises during such period(s) shall be on and subject to the same terms and conditions as the Initial Term hereof. This Lease shall automatically renew for each of said extension periods unless Lessee gives written notice to Lessor of its intention not to extend this Lease at least six (6) months prior to the end of the then current term. 2 3.
RIGHT OF EXTENSION. Pursuant to the provisions of Section 3.03 of the Lease, the Tenant shall have the right to extend the term of the Lease for one (1) Extension Term of five (5) Lease Years, upon the terms set forth in the Lease. All capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Lease. The Lease contains additional rights, terms and conditions not enumerated in this instrument. This instrument is executed pursuant to Section 16.06 of the Lease, does not purport to include all of the terms thereof and is not intended or deemed to amend, supplement or vary any of the terms and provisions of the Lease. In the event of any conflict or inconsistency between any provision of the Lease and this Notice of Lease, the provisions of the Lease shall govern and control. This document may be executed in multiple counterparts, all of which together shall constitute a single instrument. EXECUTED AS A SEALED INSTRUMENT as of the day of , 2018. LANDLORD: 480 ARSENAL GROUP LLC, a Massachusetts limited liability company By: Name: Title: TENANT: KALA PHARMACEUTICALS, INC., a Delaware corporation By: Name: Title: COMMONWEALTH OF MASSACHUSETTS Suffolk, ss On this day of , 2018, before me, the undersigned Notary Public, personally appeared , in his/her capacity as of 480 ARSENAL GROUP, INC., whose name is signed on the preceding document, and such person acknowledged to me that he signed such document voluntarily for its stated purpose. The identity of such person was proved to me through satisfactory evidence of identification, which was [ ] photographic identification with signature issued by a federal or state governmental agency, [ ] oath or affirmation of a credible witness, or [ ] personal knowledge of the undersigned. Notary Public My Commission Expires: COMMONWEALTH OF MASSACHUSETTS County of , ss On this day of , 2018, before me, the undersigned Notary Public, personally appeared , in his/her capacity as of KALA PHARMACEUTICALS, INC., whose name is signed on the preceding document, and such person acknowledged to me that he/she signed such document voluntarily for its stated purpose. The identity of such person was proved to me through satisfactory evidence of identification, which was [ ] photographic identification with signature issued by a federal or state governmental agency, [ ] oath or affirmation of a credible witness, or [ ] personal knowledge of the undersigned. Notary Public My Commission Expires: EXHIBIT A LEGAL DESCRIPTION OF TH...
RIGHT OF EXTENSION. 7.2.1 If COMPANY exercises the above right of extension of the INITIAL PERIOD as from the expiry of the INITIAL PERIOD, COMPANY shall continue to pay OWNER the DAILY COMPENSATION FEE as per Section III – CHARTERPARTY Prices and Schedules for Variations, or as otherwise agreed between the PARTIES.
RIGHT OF EXTENSION. It is recorded that the Developer of the scheme has reserved the right to further extend the scheme as envisaged in section 25 of the Sectional Titles Act No. 95 of 1986, and the Purchaser accepts that his share in the common property will be reduced thereby when such further developments take place, and that he has familiarised himself with this.
